Valero Energy annual net debt
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2025
Valero Energy Net Debt Growth & History (VLO)
Valero Energy's net debt was $7.01B for fiscal 2025.
View full Valero Energy company overviewValero Energy annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $7.01B | $132.0M | +1.92% |
| 2024 | 2024-12-31 | $6.88B | −$330.0M | −4.58% |
| 2023 | 2023-12-31 | $7.21B | −$647.0M | −8.23% |
| 2022 | 2022-12-31 | $7.86B | −$3.14B | −28.56% |
| 2021 | 2021-12-31 | $11.00B | −$1.53B | −12.21% |
| 2020 | 2020-12-31 | $12.53B | $4.16B | +49.59% |
| 2019 | 2019-12-31 | $8.38B | $2.25B | +36.76% |
| 2018 | 2018-12-31 | $6.13B | $3.10B | +102.75% |
| 2017 | 2017-12-31 | $3.02B | −$163.0M | −5.12% |
| 2016 | 2016-12-31 | $3.19B | −$36.0M | −1.12% |
| 2015 | 2015-12-31 | $3.22B | $524.0M | +19.43% |
| 2014 | 2014-12-31 | $2.70B | $425.0M | +18.71% |
| 2013 | 2013-12-31 | $2.27B | −$3.05B | −57.34% |
| 2012 | 2012-12-31 | $5.33B | −$1.39B | −20.71% |
| 2011 | 2011-12-31 | $6.72B | $1.71B | +34.26% |
| 2010 | 2010-12-31 | $5.00B | −$1.57B | −23.91% |
| 2009 | 2009-12-31 | $6.58B | $1.25B | +23.50% |
| 2008 | 2008-12-31 | $5.32B | — | — |
Valero Energy quarterly net debt
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Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.23B | −$2.61B | −67.99% |
| Q1 2026 | 2026-03-31 | $3.46B | −$436.0M | −11.20% |
| Q4 2025 | 2025-12-31 | $7.01B | $132.0M | +1.92% |
| Q3 2025 | 2025-09-30 | $3.60B | $431.0M | +13.59% |
| Q2 2025 | 2025-06-30 | $3.83B | $726.0M | +23.37% |
| Q1 2025 | 2025-03-31 | $3.89B | $350.0M | +9.88% |
| Q4 2024 | 2024-12-31 | $6.88B | −$330.0M | −4.58% |
| Q3 2024 | 2024-09-30 | $3.17B | −$148.0M | −4.46% |
| Q2 2024 | 2024-06-30 | $3.11B | −$804.0M | −20.56% |
| Q1 2024 | 2024-03-31 | $3.54B | $28.0M | +0.80% |
| Q4 2023 | 2023-12-31 | $7.21B | −$647.0M | −8.23% |
| Q3 2023 | 2023-09-30 | $3.32B | −$2.35B | −41.45% |
| Q2 2023 | 2023-06-30 | $3.91B | −$1.59B | −28.97% |
| Q1 2023 | 2023-03-31 | $3.52B | −$5.04B | −58.91% |
| Q4 2022 | 2022-12-31 | $7.86B | −$3.14B | −28.56% |
| Q3 2022 | 2022-09-30 | $5.67B | −$3.41B | −37.53% |
| Q2 2022 | 2022-06-30 | $5.51B | −$3.96B | −41.80% |
| Q1 2022 | 2022-03-31 | $8.56B | −$3.12B | −26.71% |
| Q4 2021 | 2021-12-31 | $11.00B | −$1.53B | −12.21% |
| Q3 2021 | 2021-09-30 | $9.07B | −$2.66B | −22.67% |
| Q2 2021 | 2021-06-30 | $9.46B | −$1.55B | −14.12% |
| Q1 2021 | 2021-03-31 | $11.68B | $1.35B | +13.04% |
| Q4 2020 | 2020-12-31 | $12.53B | $4.16B | +49.59% |
| Q3 2020 | 2020-09-30 | $11.73B | $3.40B | +40.77% |
| Q2 2020 | 2020-06-30 | $11.02B | $2.54B | +29.91% |
| Q1 2020 | 2020-03-31 | $10.33B | $2.84B | +37.92% |
| Q4 2019 | 2019-12-31 | $8.38B | $2.25B | +36.76% |
| Q3 2019 | 2019-09-30 | $8.34B | $3.01B | +56.52% |
| Q2 2019 | 2019-06-30 | $8.48B | $4.05B | +91.64% |
| Q1 2019 | 2019-03-31 | $7.49B | $4.06B | +118.47% |
| Q4 2018 | 2018-12-31 | $6.13B | $3.10B | +102.75% |
| Q3 2018 | 2018-09-30 | $5.33B | $2.14B | +67.06% |
| Q2 2018 | 2018-06-30 | $4.42B | $1.27B | +40.08% |
| Q1 2018 | 2018-03-31 | $3.43B | −$478.0M | −12.24% |
| Q4 2017 | 2017-12-31 | $3.02B | −$163.0M | −5.12% |
| Q3 2017 | 2017-09-30 | $3.19B | $1.25B | +64.41% |
| Q2 2017 | 2017-06-30 | $3.16B | $1.44B | +83.56% |
| Q1 2017 | 2017-03-31 | $3.91B | $477.0M | +13.91% |
| Q4 2016 | 2016-12-31 | $3.19B | −$36.0M | −1.12% |
| Q3 2016 | 2016-09-30 | $1.94B | −$12.0M | −0.62% |
| Q2 2016 | 2016-06-30 | $1.72B | $286.0M | +19.93% |
| Q1 2016 | 2016-03-31 | $3.43B | $1.07B | +45.67% |
| Q4 2015 | 2015-12-31 | $3.22B | $524.0M | +19.43% |
| Q3 2015 | 2015-09-30 | $1.95B | $359.0M | +22.55% |
| Q2 2015 | 2015-06-30 | $1.44B | −$869.0M | −37.72% |
| Q1 2015 | 2015-03-31 | $2.35B | $141.0M | +6.37% |
| Q4 2014 | 2014-12-31 | $2.70B | $425.0M | +18.71% |
| Q3 2014 | 2014-09-30 | $1.59B | −$2.76B | −63.43% |
| Q2 2014 | 2014-06-30 | $2.30B | −$1.56B | −40.36% |
| Q1 2014 | 2014-03-31 | $2.21B | −$2.39B | −51.95% |
| Q4 2013 | 2013-12-31 | $2.27B | −$3.05B | −57.34% |
| Q3 2013 | 2013-09-30 | $4.35B | $439.0M | +11.22% |
| Q2 2013 | 2013-06-30 | $3.86B | −$1.30B | −25.21% |
| Q1 2013 | 2013-03-31 | $4.61B | −$295.0M | −6.02% |
| Q4 2012 | 2012-12-31 | $5.33B | −$1.39B | −20.71% |
| Q3 2012 | 2012-09-30 | $3.91B | −$38.0M | −0.96% |
| Q2 2012 | 2012-06-30 | $5.17B | $2.51B | +94.54% |
| Q1 2012 | 2012-03-31 | $4.90B | $1.52B | +44.83% |
| Q4 2011 | 2011-12-31 | $6.72B | $1.71B | +34.26% |
| Q3 2011 | 2011-09-30 | $3.95B | −$1.21B | −23.43% |
| Q2 2011 | 2011-06-30 | $2.65B | −$2.85B | −51.81% |
| Q1 2011 | 2011-03-31 | $3.38B | −$2.45B | −41.97% |
| Q4 2010 | 2010-12-31 | $5.00B | −$1.57B | −23.91% |
| Q3 2010 | 2010-09-30 | $5.16B | −$396.0M | −7.13% |
| Q2 2010 | 2010-06-30 | $5.51B | −$98.0M | −1.75% |
| Q1 2010 | 2010-03-31 | $5.83B | — | — |
| Q4 2009 | 2009-12-31 | $6.58B | $1.25B | +23.50% |
| Q3 2009 | 2009-09-30 | $5.56B | — | — |
| Q2 2009 | 2009-06-30 | $5.61B | — | — |
| Q4 2008 | 2008-12-31 | $5.32B | — | — |
Valero Energy net debt trends
Over the last five fiscal years, Valero Energy's net debt decreased from $12.53B to $7.01B, a change of −$5.52B. The latest reported quarter, Q2 2026, shows $1.23B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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